Monthly Archives: October 2010

Rangers emerge from bankruptcy court to capture American League pennant

By doug | Published: October 27, 2010

Baseball’s World Series starts tonight, featuring the American League champion Texas Rangers against San Francisco. We have been following the Rangers all summer, as they are the only North American sports franchise to emerge from bankruptcy protection recently. And emerge they did, winning the West Division and eliminating the Yankees for the pennant. It is […]

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The Fed steps in to foreclosure / bankruptcy mess

By doug | Published: October 26, 2010

Complicating already roiled waters, the Federal Reserve yesterday got involved in the foreclosure fiasco, saying it will look into the accusations that mortgage lenders cut corners and used flawed documents to foreclose on homes. The Associated Press reports that Federal Reserve chairman Ben Bernanke added weight to those efforts yesterday by saying the central bank […]

Posted in Bankruptcy News, Foreclosure | Comments closed

Tax refunds may not be so easy to get

By doug | Published: October 24, 2010

If you like to file your income taxes early and get your refund as soon as you can — via what’s called a refund anticipation loan, offered by many tax preparation services — you might not find it quite so easy to do come January. That’s because the IRS has informed tax preparers that it […]

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Debtor has trouble keeping vacation property in Mass. bankruptcy case

By doug | Published: October 21, 2010

A bankruptcy case heard in Boston this past summer might make it more difficult for Massachusetts debtors to hold on to vacation property if they are filing a Chapter 13 bankruptcy case. In the Turner case, bankruptcy judge William C. Hillman ruled that the married debtors couldn’t make $430 in monthly payments on thier hunting […]

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Crystal Catherdral files for bankruptcy

By doug | Published: October 20, 2010

Hey, a bankruptcy lawyer would never be sad to hear about a new bankruptcy case, right? Not so, at least for me, for today brought the news that the Crystal Cathedral, the Garden Grove, Calif. megachurch founded by Rev. Robert Schuller, has filed for reorganization under Chapter 11 of the bankruptcy code. Rev. Schuller started […]

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Supreme Court to hear two bankruptcy cases

By doug | Published: October 20, 2010

It’s October, the time of year when the United States Supreme Court re-opens for business. The Court’s 2011 term will run through the end of June, and it is already known that two bankruptcy cases will be decided. More could be added to the docket as the term progresses. Because bankruptcy is a federal law, […]

Posted in Bankruptcy News, Chapter 13 | Comments closed

The life of a robo-signer

By doug | Published: October 20, 2010

I found this fascinating tidbit in an article by Alan Zibel on Bank of America’s continuing mortgage and foreclosure woes. A deposition released by the Florida attorney general’s office revealed that the office manager at a Florida law firm under investigation for fabricating foreclosure documents signed 1,000 files a day without reviewing them. The manager […]

Posted in Bankruptcy News, Foreclosure | Comments closed

A Perceptive take on the “foreclosure fiasco”

By doug | Published: October 17, 2010

Syndicated columnist Michelle Singletary has a theory on the root cause of what she terms a nationwide “forclosure fiasco” — that treating mortgages as the equivalent of trading cards led lenders astray from the fundamental values of home ownership. Singeltary’s remedy? S-L-O-W D-O-W-N. She says “Fair would be to slow down. Fair would be to […]

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Race Happy

By doug | Published: October 17, 2010

A nice profile of Hamilton – Wenham high school running coach Steven Sawyer by Boston Globe correspondent Doug Saffir shows how the coach stresses the importance of positive thinking instead of the won-lost record. The result? His teams’ records are truly impressive; the girls team has won 68 Cape Ann league meets in a row […]

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Credit card write downs ease, but card holders not really catching up

By doug | Published: October 16, 2010

Credit card default rates fell last month, but recent improvements in getting late payers to catch up slowed down instead. According to the Associated Press, the major banks all said that charge-offs fell in September to the lowest level of 2010. Charge-offs usually represent accounts that are more than six months behind — or in […]

Posted in Bankruptcy News, Credit cards | Comments closed
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